Case Study: XO Communications
Solution:
Benefits:
The company’s new ability to pinpoint and preempt customer churn:
Reduced customer churn from 1.9 percent to 1.4 percent in the first year
Increased retention rates by 60 percent.
A 376 percent annual return on investment. The project paid for itself
within five months, and provides an annual net benefit of over $3.8 million.
Deployed IBM SPSS predictive analytics to identify at-risk customers, enabling
client services agents to focus their proactive outbound “health check” calls.
Created – and score each month – a statistical model that scores all customers
on likelihood to churn. Client service teams contact high-risk of churn customers
and proactively ensure if their service needs are being met.
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